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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Juneteenth holiday maybe fooled some folks?
View:
Post by mouserman on Jun 19, 2024 3:18pm

Juneteenth holiday maybe fooled some folks?

I was one of those , woke up groggy as usual and looked at the list of US banks in solid green numbers. SO did a quick calculation to see where FFN was,  and GS and BAC came up exactly the  same as yesterdays number... and then the light bulb came on.LOL
It is a holiday in the US, a relatively new one. No stocks are trading.
SO in reality , looking at the CAD financials getting hammered again, FFN would be down, even the US holdings would have a tiny loss due to the currency change with the USD dropping vs CAD.
Comment by Splitfunding on Jun 19, 2024 4:17pm
Meh, only amounted to a lose of 2 cents. More importantly we got the Divy announcement after the close today.
Comment by NoShoesNoShirt on Jun 19, 2024 4:36pm
Dividend announcement will cause a rise now for the people that don't follow here.  But DFN will be dropping like a Boeing plane missing some bolts.
Comment by Splitfunding on Jun 19, 2024 9:11pm
Lol, exactly. They held it of for about as long as they could but she just couldn't make the cut, DFN investors will probably jump over here the get the biggest most juicy dividend available on the market today.
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